Top 3 ERP Software Industry Predictions for the Next 5 Years

ERP or Enterprise Resource Planning is chiefly about managing resources in the most effective ways. The businesses of varying size benefit of ERP software chiefly through enriched and simplified business interaction with the employees, suppliers and the clients. With the technological advancements continuing at high speed, it has become crucial for the business houses to embrace the novel technologies.

Predicting the future of any industry is difficult but when it comes to something as variegated as the ERP software industry, things acquire more difficulty. However, we will try to make a few predictions on the future of the ERP industry for the next five years.

User-Friendly ERP Systems

The generation of today are used to the simple intuitive programs and it is not possible to make them work with or understand the old-fashioned and primitive systems. The real estate ERP systems that are user-friendly and come with the clear as well as concise dashboards are bound to attract attention. There is little doubt about the fact that easy implementation would also take up a significant position. Everyone loves the systems that can be set up with little hassle.

Cloud would be the Chosen One for the ERP Systems

A study has pointed out that by the year 2018, as much as 30% of the organizations providing service will have a significant part of their ERP systems moved to cloud ERP. Cloud computing is making its advances quite rapidly and within little time, we can expect to see all the real estate, manufacturing and the construction ERP systems move to the cloud. Coming with a private cloud that links to ERP data seamlessly is expected to see the daylight soon. Though the on-site ERP systems are quite unlikely to go extinct, more hybrids and cloud ERP software solutions are making their presence now.

More SMBs would Begin Using the ERP System

In the course of the last few years, the bigger organizations had a significant advantage over the small and medium sized business houses. However, with the ERP software as well as the mobile technologies becoming significantly more cost effective apart from easy to deploy, the small to medium sized business houses are no longer far behind. In fact, Cloud ERP is expected to dominate this year, leveling the field between the small and medium sized businesses and the bigger Fortune 500 organizations. Though the ERP software vendors usually target the bigger enterprises, the small to medium sized enterprises are not far behind. With the cost dropping substantially, ERP software is becoming significantly more accessible to the variously sized business houses.

What trends do you believe would rule the ERP software industry in the coming years?